Vedant Asset Limited held its 11th Annual General Meeting on September 26, 2026, via video conferencing, where both resolutions were passed with 100% votes in favour, with 20,43,100 votes polled out of 27,61,600 total shares.

AGM participation and voting overview

The meeting was attended by 6 members through video conferencing, comprising 4 from the promoter and promoter group and 2 from the public. Total members on the record date of September 21, 2026 stood at 281. Remote e-voting was open from September 22, 2026 at 9:00 am to September 25, 2026 at 5:00 pm. The scrutinizer's report was submitted by Chetan Prasad, Proprietor of M/s. C. Prasad & Co., Practicing Company Secretaries, Ranchi, pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting results on resolutions

Both ordinary resolutions were approved unanimously. The consolidated voting data, covering remote e-voting and e-voting during the AGM, is presented below.

For both resolutions, total shares held across all categories stood at 27,61,600, with votes polled at 20,43,100, representing a 73.98% turnout on outstanding shares.

Category-wise voting breakdown

The promoter and promoter group held 20,20,400 shares and cast all 20,20,400 votes via e-voting, reflecting a 100.00% participation rate for both resolutions. Public non-institutional shareholders held 7,41,200 shares and polled 22,700 votes, a 3.06% participation rate, all cast in favour. No institutional public shareholder votes were recorded.

Auditor observations on tax compliance

The Statutory Auditors' Report for the financial year ended March 31, 2026, contained no qualifications but included specific remarks. These pertained to an outstanding demand for Assessment Year 2021-2022 and discrepancies between Tax Deducted at Source figures in Form 26AS and the company's books of accounts. Management acknowledged these observations and initiated a reconciliation process between the books of account, Form 26AS, and relevant tax records, with steps being taken to address the outstanding demand with the concerned tax authorities.

Key management personnel

The meeting was chaired by Lallit Tripathi, Managing Director and Chairman. Other key personnel present included Priyanka Maheshwari, Non-Executive Director; Rajesh Nath Shahdeo, Whole Time Director; Subesh Kumar, Chief Financial Officer; and Neha Sharma, Company Secretary and Compliance Officer. The annual accounts were audited by M/s N.K. Kejriwal & Co. (FRN 04326C), Chartered Accountants.

Vedant Asset has accepted the resignation of Mr. Gautam Jain as its Non-Executive and Independent Director, effective from the close of business hours on September 18, 2026.

The company notified the Bombay Stock Exchange (BSE) SME platform pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023.

Resignation Details

Mr. Jain, holding Director Identification Number (DIN) 00367524, cited pre-occupation and other professional commitments as the reason for his departure. He stated that these commitments prevent him from devoting adequate time and attention to the company’s affairs as required of an independent director.

In his resignation letter addressed to the Board of Directors, Mr. Jain confirmed compliance with the Code for Independent Directors under Schedule IV to the Companies Act, 2013, during his tenure. He further affirmed that there are no other material reasons for his resignation, including any disagreement with the company regarding its operations, management, or conduct of business.

Board Acceptance

Lallit Tripathi, Managing Director of Vedant Asset Limited (DIN: 07220161), signed the intimation to the exchange. The Board is expected to formally record the acceptance of the resignation at its ensuing meeting.

The company has been directed to file Form DIR-12 with the Registrar of Companies within the statutory time limit to update the official records.